UK signs Trade Partnership Agreement with Ghana

Economy & Politics | Export | International | South East

Accra, Ghana

The UK has today signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater economic and cultural cooperation.

The deal supports a trading relationship worth £1.2bn and reinstates the terms of the economic partnership agreement between the two sides when the UK was part of the EU.

It means Ghanaian products including bananas, tinned tuna and cocoa will benefit from tariff-free access to the United Kingdom. UK exports are also in line to benefit from tariff liberalisation from 2023, including machinery, electronics and chemical products.

The agreement was signed by Secretary of State for International Trade Liz Truss and Ghana’s Acting High Commissioner to the UK, Peprah Ampratwum, at the Department for International Trade in central London.

International Trade Secretary Truss said: “I am delighted to be able to sign this deal with our friends and partners in Ghana. It provides certainty for businesses that provide vital jobs and livelihoods in Ghana, and it strengthens the ties between our two countries. We can now look forward to deepening and furthering our relationship in future, and working together to secure a broader agreement with the West Africa Region.”

Ghana’s largest exports to the UK include mineral fuels and oil, preparations of fish, fruit, cocoa and cocoa preparations. Its top imports include clothing/textiles, machinery and mechanical appliances, and chemical products from the UK.

The deal means the UK has now secured trade agreements with 65 non-EU countries, representing trade worth £217bn in 2019. Total UK trade with Ghana was £1.2bn in 2019, of which UK exports were £652m.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *